Are we witnessing NFT lending’s breakthrough moment? 🍿
This question is fresh on my mind as last week NFT lending protocols surpassed $1 billion in cumulative borrow volume, a major milestone.
Jan 27, 2023 • 11 tweets • 5 min read
Short, medium, and long-term predictions for Canto's newest feature: Contract Secured Revenue (CSR)
For the initiated, CSR is new experimental mechanism that diverts some % of @CantoPublic's L1 transaction fees to developers when users interact with their smart contracts.
Read this 🧵 to go from 0 to 100 on stablecoin designs and risk 👇
First, what are stablecoins?
A stablecoin is a crypto asset whose price is "pegged" to the reference price of a reserve asset. The most popular reserve asset for stablecoins is one US dollar.